Jefferies Financial Group Inc. (JEF) Stock Price & Analysis
Jefferies Financial Group Inc. (JEF) closed at USD 45.64 on Thursday, October 22, 2026, up 1.35% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 45.03; the Oct 22, 2026 session ranged USD 44–45.69 on volume of 1,662,895 shares. Market capitalization is $10.48B, with a 52-week range of USD 35.53–66.6 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 08:39 UTC.
Also available as compact Markdown for AI agents: nexqual.com/JEF.md
Key facts (JEF)
- Last four reported quarters (through Aug 31, 2026): revenue $12.2B, net income $909M (7.5% margin) (SEC filings).
- Valuation: P/E 11.5x (avg 25.2x at the last 3 fiscal year-ends).
- 3 of 80 tracked superinvestors hold JEF (13F, Q2 2026): 0 new, 1 added, 0 reduced, 2 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $0K; 1 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $629M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.67 on a 1–5 scale) (6 analysts), mean target USD 55.17 (range 47–71).
- Total return with dividends: 1Y -14.4% vs S&P 500 +14.9%; 5Y +29.8% vs S&P 500 +80.3%.
- Next earnings: 2026-09-28, EPS estimate USD 0.89, revenue estimate $2.07B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (JEF)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $8.95B | $7.15B | $7.44B | $10.5B | $10.8B | $12.2B |
| Gross profit | $8.47B | $6.71B | $7.41B | $10.3B | $10.6B | — |
| Net income | $1.67B | $782M | $262M | $716M | $682M | $909M |
| EPS (diluted) | $6.13 | $3.06 | $1.10 | $2.99 | $2.83 | — |
| Free cash flow | $1.42B | $1.58B | -$1.93B | -$391M | -$1.70B | $4.20B |
| Gross margin | 94.7% | 93.8% | 99.6% | 98.0% | 98.2% | — |
| Net margin | 18.6% | 10.9% | 3.5% | 6.8% | 6.3% | 7.5% |
| Revenue growth | +30.0% | -20.1% | +4.1% | +41.3% | +2.9% | — |
| Cash + short-term investments | $10.8B | $9.70B | $8.53B | $12.2B | $14.0B | — |
| Total debt | $9.35B | $9.30B | $10.7B | $14.0B | $17.7B | — |
Fiscal years end Nov. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Aug 31, 2026) (JEF)
P/E 11.5x · P/S 0.9x · P/FCF 2.5x · P/B 1.0x · FCF yield 40.06% · Earnings yield 8.67% · Dividend yield (paid, TTM) 3.53% · Buyback yield (TTM) 4.20%
P/E at fiscal year-ends: Nov 2025 18.8x, Nov 2024 24.7x, Nov 2023 32.0x.
Superinvestors (SEC 13F-HR, Q2 2026) (JEF)
3 of 80 tracked investors hold JEF. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Francis Chou | Chou Associates | 3.44% | $7.5M | Unchanged |
| First Pacific Advisors | 1.70% | $135M | Added +4.5% | |
| Warren Buffett | Berkshire Hathaway | 0.01% | $21.7M | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (JEF)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-06 | Friedman Brian P | President | 1 | $0K | 0% | No | Too little history (no open-market trades in 2023 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (JEF)
2 purchases, $629M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-07-15 | Sumitomo Mitsui Financial Group, Inc. | Director | 5,906,542 | $319M | 53.96 | Too little history (no open-market trades in 2023 or 2025) |
| 2026-05-01 | Sumitomo Mitsui Financial Group, Inc. | Director | 6,429,337 | $310M | 48.22 | Too little history (no open-market trades in 2023 or 2025) |
Analysts (JEF)
Consensus Hold (mean 2.67 on a 1–5 scale), 6 analysts; mean target USD 55.17 (low 47, high 71).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-29 | Oppenheimer | Target lowered | Outperform | $76 → $71 |
| 2026-09-29 | Morgan Stanley | Target lowered | Equal-Weight | $50 → $49 |
| 2026-09-29 | Goldman Sachs | Target lowered | Buy | $67 → $57 |
| 2026-09-29 | BMO Capital | Target lowered | Market Perform | $57 → $50 |
| 2026-09-11 | UBS | Target lowered | Neutral | $65 → $61 |
| 2026-09-11 | BMO Capital | Target lowered | Market Perform | $60 → $57 |
| 2026-06-25 | UBS | Target lowered | Neutral | $67 → $65 |
| 2026-06-25 | Oppenheimer | Target lowered | Outperform | $87 → $83 |
Total return (dividends reinvested) (JEF)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -14.4% | +29.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -14.4% | +5.3% |
| Volatility (annualized) | 40.5% | 38.1% |
| Max drawdown | -45.2% (Jan 2026→Mar 2026) | -53.5% (Dec 2024→Mar 2026) |
JEF revenue by business segment (quarter ended Aug 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Investment Banking and Capital Markets | $1.69B | 76.0% | +20.0% |
| Asset Management | $64.4M | 2.9% | -34.3% |
| Total revenue | $2.22B | 100% | — |
JEF revenue by product line (quarter ended Aug 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Investment banking | $1.30B | 58.6% | +19.7% |
| Interest Revenue | $923.0M | 41.6% | +9.0% |
| Investment banking - Advisory | $817.8M | 36.9% | +24.7% |
| Investment banking - Underwriting | $482.6M | 21.7% | +12.0% |
| Principal Transactions Revenue | $468.7M | 21.1% | -3.7% |
| Commissions and other fees | $387.0M | 17.4% | +21.0% |
| Equities | $385.2M | 17.4% | +21.0% |
| Internet connection and broadband revenues | $35.5M | 1.6% | -37.2% |
| Product and Service, Other | $17.9M | 0.8% | +7.5% |
| Real estate revenues | $8.8M | 0.4% | -46.8% |
| Asset management fees | $2.2M | 0.1% | -73.8% |
| Fixed income | $1.7M | 0.1% | +17.8% |
| Total revenue | $2.22B | 100% | — |
JEF revenue by region (quarter ended Aug 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Americas | $1.34B | 60.2% | +23.9% |
| Europe and the Middle East | $269.1M | 12.1% | -13.2% |
| Asia-Pacific | $147.1M | 6.6% | +26.6% |
| Total revenue | $2.22B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
JEF suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Jefferies Finance | “Jefferies Finance, our 50/50 joint venture with Massachusetts” |
Quoted from the company's 10-K filed Jan 28, 2026.
Companies that name JEF in their SEC reports
| Relationship to JEF | Company | Filing | Sentence |
|---|---|---|---|
| partner | SUMITOMO MITSUI FINANCIAL GROUP, INC. (SMFG) | 20-F Jun 26, 2026 | “In addition, SMBC and SMBC Nikko Securities further strengthen their capabilities to support customers' global expansion by leveraging the strategic capital and business alliance with Jefferies Financial Group, Inc., a U.S. investment bank and financial services company.” |
| partner | Vitesse Energy, Inc. (VTS) | 10-K Mar 2, 2026 | “On July 1, 2016, the Predecessor entered into a separate services agreement with Vitesse Management and JETX Energy, LLC ("JETX"), formerly known as Juneau Energy, LLC, another entity owned by JFG with common management.” |
JEF analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Nov 2026) | $0.89 | $0.94 | -5.0% | $2.07B | 3 |
| Next quarter (ends Feb 2027) | $0.78 | $1.03 | -23.9% | $2.17B | 1 |
| Current fiscal year (ends Nov 2026) | $3.72 | $3.56 | +4.7% | $8.56B | 4 |
| Next fiscal year (ends Nov 2027) | $4.52 | $4.54 | -0.4% | $9.12B | 4 |
JEF options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 39.6% | ±9.1% |
| Dec 18, 2026 | 56 | 38.7% | ±12.1% |
| Jan 15, 2027 | 84 | 41.3% | ±15.6% |
| Mar 19, 2027 | 147 | 39.4% | ±19.6% |
| Jun 17, 2027 | 237 | 40.5% | ±25.3% |
30-day implied volatility 38.4% vs 29% realized over the last 30 trading days. Put/call ratio (volume) 14.18. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 08:39 UTC)
| Price | USD 45.64 |
|---|---|
| Change | ▲ 1.35% (up) |
| Previous Close | USD 45.03 |
| Open | USD 43.99 |
| Day Range | USD 44 – 45.69 |
| 52-Week Range | USD 35.53 – 66.6 |
| Volume | 1,662,895 shares |
| Market Cap | $10.48B |
| Exchange | NYQ |
Technical Analysis (JEF)
Nexqual's technical model rates JEF "SELL" based on 1 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 08:39 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 40.44 (neutral) |
| vs SMA50 | Below (USD 49.19) |
| MACD | -1.21 (negative) |
Analyst Ratings (JEF)
Wall Street analysts rate JEF "Hold" based on 6 analysts, with a mean price target of USD 55.17 (range USD 47–71), per Nexqual as of October 23, 2026 at 08:39 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 6 |
| Mean Target | USD 55.17 |
| High Target | USD 71 |
| Low Target | USD 47 |
| Buy / Hold / Sell | 2 / 4 / 0 |
Earnings (JEF)
| Next Earnings Date | 2026-09-28 |
|---|---|
| EPS Estimate | USD 0.89 |
| Revenue Estimate | $2.07B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-08-31 | USD 1.08 vs est 1 ▲ beat |
| 2026-05-31 | USD 1.02 vs est 1.24 ▼ miss |
| 2026-02-28 | USD 0.7 vs est 0.89 ▼ miss |
| 2025-11-30 | USD 0.96 vs est 0.8 ▲ beat |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
Financials & Fundamentals (JEF)
| Total Revenue | $8.51B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +8.50% |
| Gross Margin | +82.62% |
| Operating Margin | +15.80% |
| Profit Margin | +11.00% |
| ROE | +8.59% |
| Debt / Equity | 3.82 |
| Current Ratio | 1.48 |
| Total Cash | $64.34B |
| Total Debt | $41.11B |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
Financial Health Score (JEF)
Nexqual rates Jefferies Financial Group Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 08:39 UTC.
| Growth | Mixed — Revenue +4.4% YoY (annual), slow |
|---|---|
| Profitability | Mixed — Net margin 9% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Security Brokers, Dealers & Flotation Companies) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Security Brokers, Dealers & Flotation Companies) |
| Efficiency | Mixed — ROE 9%, ROA 1.2% |
Ownership (JEF)
| Insider Ownership | +25.90% |
|---|---|
| Institutional Ownership | +70.06% |
| Shares Outstanding | 189.09M |
| Float | 139.11M |
| Short % of Float | +4.59% |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
Leadership (JEF)
Jefferies Financial Group Inc. is led by Richard Brian Handler, CEO & Director, per Nexqual as of October 23, 2026 at 08:39 UTC.
| CEO & Director | Richard Brian Handler |
|---|---|
| Co-Founder & Chairman | Joseph Saul Steinberg |
| President & Director | Brian Paul Friedman |
| Executive VP & CFO | Matthew Scott Larson |
| Managing Director | Haim Jimmy Hallac |
Major Backers & Investors (JEF)
Notable institutional backers of Jefferies Financial Group Inc. include AQR Capital Management, LLC, Sumitomo Mitsui Financial Group, Inc., Massachusetts Mutual Life Insurance Co., according to Nexqual as of October 23, 2026 at 08:39 UTC.
Active Investors
| Investor | Stake |
|---|---|
| AQR Capital Management, LLC | 4.46% |
| Sumitomo Mitsui Financial Group, Inc. | 3.4% |
| Massachusetts Mutual Life Insurance Co. | 2.46% |
| Alliancebernstein L.P. | 1.77% |
| Two Sigma Investments, LP | 1.69% |
| FPA FUNDS TRUST-FPA Crescent Fund | 1.2% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.83% |
| Vanguard Group | 7.3% |
| State Street | 2.63% |
| Geode Capital | 1.57% |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SF | Stifel Financial Corporation | USD 67.85 | ▲ 2.17% |
| GLXY | Galaxy Digital Inc. | USD 15.29 | ▼ 9.69% |
| IREN | IREN LIMITED | USD 25.51 | ▼ 8.37% |
| EVR | Evercore Inc. | USD 255.39 | ▲ 1.34% |
| HLI | Houlihan Lokey, Inc. | USD 133.24 | ▲ 3.78% |
| HUT | Hut 8 Corp. | USD 63.97 | ▼ 10.63% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:39 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt